Flashcards in Relevant case law Deck (4)
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1
How can relevant case law assist?
Relevant cases used to help a court make a judicial decision
2
Where might you find relevant case laws?
RICS has an online library of recent and relevant court decisions on Landlords and Tenants
3
What case law can you think of in relation to margin of error for a valuation?
Permissible range allowed by courts is between 10% and 15% (e.g. in valuation)
Leading case = Singer and Friedlander v John D Wood & Co (1977) - stated that the margin of error can be 10% either side of the ‘right’ figure
Also reinforced in K/S Lincoln and others v CB Richard Ellis (2010) valuation of 4 hotels 2005
4
